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Superior Plus Corp. - May 2009 Cash Dividend and Upcoming Events

TSX: SPB
CALGARY, May 6 /CNW/ -
May 2009 Cash Dividend - $0.135 per share
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Superior Plus Corp. (the "Corporation" or "Superior Plus") today announced
its cash dividend for the month of May 2009 of $0.135 per share payable on
June 15, 2009. The record date is May 31, 2009 and the ex-dividend date will
be May 27, 2009. The Corporation's annualized cash dividend rate is $1.62 per
share. This dividend is an eligible dividend for Canadian income tax purposes.
Upcoming Release of 2009 First Quarter Results and Conference Call
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The Corporation expects to release its 2009 first quarter results on
Wednesday, May 6, 2009. A conference call and webcast for investors, analysts,
brokers and media representatives to discuss the 2009 first quarter results is
scheduled for 7:30 a.m. MST (9:30 a.m. EST) on Thursday, May 7, 2009. To
participate in the call, dial: 1-800-732-9303. A recording of the call will be
available for replay until midnight, June 8, 2009. To access the recording,
dial: 1-877-289-8525 and enter pass code: 21301182, followed by the pound key.
Internet users can listen to the call live, or as an archived call, on
Superior's website at www.superiorplus.com under the events calendar section.
Annual General Meeting of Shareholders
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The Corporation's Annual General Meeting of Shareholders will be held in
the Grand Lecture Theatre of The Metropolitan Centre, 333 - 4th Avenue SW,
Calgary, Alberta on Wednesday, May 6, 2009 at 2:00 p.m. MST (4:00 p.m. EST). A
live audio webcast of the meeting, including a corporate presentation will be
accessible from Superior Plus' website at www.superiorplus.com under the
webcasts section.
About the Corporation
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Superior Plus is a diversified corporation. The Corporation holds 100% of
Superior Plus LP, a limited partnership formed between Superior General
Partner Inc., as general partner and the Corporation as limited partner.
Superior Plus is focused on stability of dividends with value growth and has
four Canadian based operating businesses: Superior Propane is Canada's largest
distributor of propane and related products and services; ERCO Worldwide is a
leading supplier of chemicals and technology to the pulp and paper industries
and a regional Midwest supplier of chloralkali and potassium products; Winroc
is a leading distributor of walls and ceilings construction products in North
America; and Superior Energy Management provides fixed-price natural gas
supply services in Ontario, Quebec, and British Columbia along with
fixed-price electricity supply services in Ontario.
The Corporation's shares and convertible debentures trade on the TSX as
follows:
Trading
Symbol Security Issued and Outstanding
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SPB Shares 88.4 million
SPB.db.b 5.75% Debentures, Series 1 $174.9 million principal amount
SPB.db.c 5.85% Debentures, Series 1 $ 75.0 million principal amount
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Forward Looking Information
Certain information included in this Press Release is forward-looking,
within the meaning of applicable Canadian securities laws. Much of this
information can be identified by looking for words such as "believe",
"expects", "expected", "will", "intends", "projects", "anticipates",
"estimates", "continues" or similar words. Forward-looking information in this
Press Release includes but is not limited to, assumptions concerning the
future payment of dividends and the treatment of shareholders under tax laws.
Superior believes the expectations reflected in such forward-looking
information are reasonable but no assurance can be given that these
expectations will prove to be correct and such forward-looking statements
should not be unduly relied upon.
Forward-looking information is not a guarantee of future performance and
involves a number of risks and uncertainties some of which are described
herein. Such forward-looking information necessarily involves known and
unknown risks and uncertainties, which may cause Superior's actual results to
differ materially from any projections of future results expressed or implied
by such forward-looking information. These risks and uncertainties include but
are not limited to the inability of Superior to meet the liquidity tests set
forth in the Canada Business Corporations Act with respect to the payment of
dividends and future changes to applicable tax laws and the other risks
identified in the Corporation's 2008 Annual Information Form under the heading
"Risk Factors", which is available on the SEDAR website (www.sedar.com). Any
forward-looking information is made as of the date hereof and, except as
required by law, Superior does not undertake any obligation to publicly update
or revise such information to reflect new information, subsequent or
otherwise.